8620 S Drexel Avenue Chicago, IL $ 299,000
8620 S Drexel Avenue
$ 299,000
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8620 S Drexel Avenue

Chicago, IL, 60619
$ 299,000
Bedrooms2 Baths0.0 Sq 8,544

Monthly Estimate*

$ 1,987

8620 S Drexel Avenue, Chicago, IL 60619 - Image 1
8620 S Drexel Avenue, Chicago, IL 60619 - Image 2
8620 S Drexel Avenue, Chicago, IL 60619 - Image 3
8620 S Drexel Avenue, Chicago, IL 60619 - Image 4
8620 S Drexel Avenue, Chicago, IL 60619 - Image 5

Multi-Family Home for sale in Chicago, IL

for $299,000 with 2 bedrooms. This 8,544 square foot home was built in 1932 on a lot size of 0.14.

Discover an extraordinary investment opportunity in the heart of Chatham with this classic Chicago-style brick six-unit building. Each unit features 2 bedrooms and 1 bathroom, offering a versatile layout perfect for a variety of tenants. This property is brimming with potential, awaiting your vision to restore it to its former glory. Key Features: Prime Location: Situated in the vibrant Chatham neighborhood, known for its strong community and rich history. Spacious Units: Six well-designed 2-bedroom, 1-bathroom units. Investment Potential: Ideal for renovation and value-add strategies, offering substantial ROI. AFTER REHAB VALUE $500K+ Vacant Units Available for Viewing: Two units are currently vacant and available for showing. Please respect tenant privacy in occupied units. Important Details: Buyer Responsibility: The buyer is responsible for addressing city code violations. As-Is Sale: The property is being sold in as-is, where-is condition. Additional Information: For more details, please refer to the "Additional Information" tab in the MLS. This is a rare opportunity for serious investors to acquire a property with significant upside potential. Bring your ideas and expertise to transform this distressed asset into a prized income-producing property.

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Multi-Family Active

Price

$ 299,000

Bedrooms

2

Property Type

Multi-Family

Taxes

$ 4,826

Style

Multi-Family

Lot Size

0.14

Year Built

1932

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12059340

Features
General
Cooling None
Possession Closing
Zoning MULTI
Association Fee Includes None
Construction Materials Brick
Year Built 1932
Electric Circuit Breakers
Tenant Pays Electricity Other
Stories 3
Township Hyde Park
Tax Year 2021
Current Use Multi-Family
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
Property Type Commercial Sale Multi Family 5+
Status Active
Directions 87th Street East to Drexel North to Property.
City Chicago
NumberOfUnitsTotal 6
MLS Area CHI - Chatham
Lot Size Square Feet 6300
Street Name Drexel
Tax Annual Amount 4826
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 6
Standard Status Active
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Exterior
Building Area Total 8544
Lot Dimensions 6300 SF
Lot Size Acres 0.14
Frontage Type City Street
Exterior Brick
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Re-Chrg Inc

Broker

chicagohomes@saninaellison.com;chicagohomes@saninaellison.com

Email

Affordability Calculator

$2,389
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,987
Monthly Property Taxes
$402
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/17/2024$299,000 Listed Price

Map


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8620 S Drexel Avenue, Chicago, IL, 60619 is a Multi-Family Home for sale at $299,000 with 8,544 sqft and a lot size of 0.14. 8620 S Drexel Avenue has 2 bedrooms, 0.0 baths, and was built in 1932. The property's zip code is 60619 which is in Chicago, IL